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Help needed in OANDA + users from Malaysia 105 replies

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  • #1,521
  • Nov 9, 2007 9:52am Nov 9, 2007 9:52am
The retracement gj to 1 hr has completed. Maybe gj will retrace more depend on the momentum, if pointing north... 10C (Auslanco strategy)
  • #1,522
  • Nov 9, 2007 9:57am Nov 9, 2007 9:57am
Quoting rbforex
I guess the Gathering can be held next weekend. This weekend, ppl are still having open house for raya.

What say you?

Next week let's focus on GU and EU going south. To all winners today, congratulations. To all losers, it is a lesson learnt. People lose in forex is normal. I did before. Now more wiser.

Do remember this thread is for learning and having fun, while making money. Even if you are making US 50 per day, a week u will earn US 250.

have a good weekend. study this week's mistakes, plan for next week trade and execute the plan.
Oh yeah... next weekend it is then Furthermore, I heard the police gonna be on guard tomorrow around KL area regarding some illegal gathering. What is it about? Campaign?

To everybody, The CLUB GATHERING next weekend will be... plan your schedule from now. PLAN the gathering... GATHERING the plan.
  • #1,523
  • Nov 9, 2007 10:05am Nov 9, 2007 10:05am
Good morning ..... pick another green pips aaa?
  • #1,524
  • Nov 9, 2007 10:09am Nov 9, 2007 10:09am
Quoting Malaysia
For scalping... it's a different thing. Still finding whatever possibility out of this strategy. YES... in the beginning I only use H1 chart for reference. Then ... looking possibility on M30 chart. During the UPTREND... this strategy worked efficiently... no doubt about it as I got all the prove over here.

I did mentioned that I am not sure yet on how to apply this method on the REVERSAL TREND. I am looking for whatever possibility right now. Walllaaaaa.... M15 chart seems convincing. Haven't really test it yet on live market price... back testing looks promising so far.

The style is DYNAMIC. Like the market. Susceptible to many factors.
hehe..its looks like your strategy still in a try&error stage am I right?
what if we start to look at 20years+ time proven strategy? huhu
  • #1,525
  • Nov 9, 2007 10:10am Nov 9, 2007 10:10am
I think we might see another long and make another new high next week.
"Invest With The Insiders, Not The Masses" George Muzea
  • #1,526
  • Nov 9, 2007 10:20am Nov 9, 2007 10:20am
Quoting Qu|cksilver
I think we might see another long and make another new high next week.
On what pair bro?
  • #1,527
  • Nov 9, 2007 10:25am Nov 9, 2007 10:25am
Quoting HnP
On what pair bro?
gbpusd.
"Invest With The Insiders, Not The Masses" George Muzea
  • #1,528
  • Nov 9, 2007 10:29am Nov 9, 2007 10:29am
We look at 4hr chart draw fibo from 22/10 to today high, most probably cable will retrace to 38% somewhere at 2.0780

IF cable break that 2.0780 on 4hr chart, then... we might look futher downwardzzz......
"Invest With The Insiders, Not The Masses" George Muzea
  • #1,529
  • Nov 9, 2007 10:29am Nov 9, 2007 10:29am
Quoting gmos
hehe..its looks like your strategy still in a try&error stage am I right?
what if we start to look at 20years+ time proven strategy? huhu
I have been trying to explain this matter from the very beginning. The way I look at the market... it's all about psychology... nothing systematic. Psychology = Nature = Evolving. Therefore... if I trade using a single fixed strategy... I might profiting tremendously this year... but gone kaputttt next year. Seriously... never known a single fixed strategy that last a year. It's all about trial and error.
After all... there is nothing to be proven over here. As long as it makes GREEN PIPS... that's ALL that matters

p/s: This is not my strategy... been proposed by msmsms and developed further by zul... and I am doing all the testing and improvising.
  • #1,530
  • Nov 9, 2007 10:39am Nov 9, 2007 10:39am
Quoting Qu|cksilver
I think we might see another long and make another new high next week.
If this really gonna happen.... I see BUY FROM a very deep DIP Anything possible. After all... only 2 choices... down or up?

p/s: Actually 3 choices... add ranging to the east : The short term for BFD now gonna be BFVDD Can't wait for that.
  • #1,531
  • Nov 9, 2007 10:43am Nov 9, 2007 10:43am
i already place my buy limit at 2.0785

ok guys.. im going to bed now..i still hold my short till monday.
"Invest With The Insiders, Not The Masses" George Muzea
  • #1,532
  • Nov 9, 2007 10:45am Nov 9, 2007 10:45am
so did your strategy not discussed on this thread?
Just saw some newbie got blur-blur on your tested strategy came up from others forum member..bukan apa..I just kesihan tengok diorang ni pening2 lalat ..hehe

anyway..good luck on helping others finding the best strategy..
Still we needed a good strategy to enter market on this Psychology = Nature = Evolving Forex Market rite?
  • #1,533
  • Nov 9, 2007 10:58am Nov 9, 2007 10:58am
Quoting gmos
so did your strategy not discussed on this thread?
Just saw some newbie got blur-blur on your tested strategy came up from others forum member..bukan apa..I just kesihan tengok diorang ni pening2 lalat ..hehe

anyway..good luck on helping others finding the best strategy..
Still we needed a good strategy to enter market on this Psychology = Nature = Evolving Forex Market rite?
Simple questions to answer all of these Ask ourselves ...

How many years we've been trading?

How many strategies we've been using?

How many strategy out there works on any condition?

After all ... if the market so systematic... there would be NO market at all. Ceased to exist.

p/s: 20 wma & 30 sma not originally from me. I improvised on the BFD discipline and money management. Putting CHANNEL TREND lines... Fibbo... BB... etc. Did you not been following the whole thread... and making such statement.
  • #1,534
  • Nov 9, 2007 11:07am Nov 9, 2007 11:07am
hehe..
Yup Trading market its not Easy..
and I saw you keep on highlight few words that "market is not systematic" , its all about Psychology = Nature = Evolving..
and I also did read one of senior trader that focus on trading psychology ,and that is Bill Williams..and he did came up with strategy to tackle that kind of market tho..
  • #1,535
  • Nov 9, 2007 11:26am Nov 9, 2007 11:26am
i love to see gu move up first b4 any major move down. i am enough this week.... see u guys next week with more pips........
  • #1,536
  • Nov 9, 2007 11:36am Nov 9, 2007 11:36am
Quoting gmos
hehe..
Yup Trading market its not Easy..
and I saw you keep on highlight few words that "market is not systematic" , its all about Psychology = Nature = Evolving..
and I also did read one of senior trader that focus on trading psychology ,and that is Bill Williams..and he did came up with strategy to tackle that kind of market tho..
I'll do some readings on that.... if I managed to get the resource Anyway... this is what this forum is all about... to discuss and share any strategy that profiting us all. I know I was benefited from the last strategy while the trend is still up. I know some members did too Now that the market is doing quite significant REVERSAL... I am looking for some other possibility since the BFD can't be used at this moment. That's called ANTICIPATING. All are welcome to discuss about it. It's all about sharing. Did you read somewhere in this thread actually mentioning me asking people to follow me? A.Y.O.R

The best way to learn and grow is to experimenting ourselves... trial and error not just following what Bill Williams says.

p/s: When I was a little boy... my mama warned me not to touch the fire. I did touched the fire anyway... and I've learned
  • #1,537
  • Nov 9, 2007 11:47am Nov 9, 2007 11:47am
Quoting Malaysia
Many people said there is no such thing as correlation between the JPY pairs and US stocks. I've got a perfect prove over here. The GJ and UJ was stabilizing before 10:30pm. When 10:30pm start... DJI drop tremendously.... followed by GJ and UJ even though they've already OVERSOLD!!! Why?
Quote
By PFXGlobal, Today 1:48am, Topic Market Insights Does the USD/JPY really follow stocks?
Why does the USD/JPY seem to follow stocks? There are several reasons that this is the case but two stand out to me. It is important to understand that this correlation is not as predictive in the long term as it can be in the short term. In fact, in the long term, there is a very limited correlation factor between the two markets. I bring this up today as the USD/JPY reaches exaggerated lows against the US stock open, which may lead to an adjustment in the short term.

First, both stocks and short JPY positions are considered good risk-meters for global investors. There are currently a lot of short JPY positions out there. How often do you see traders equating the "carry trade" with the GBP/JPY? The JPY is cheap to borrow and can be used to fund other investments but that increases leverage and can be risky. With so many outstanding short JPY positions the market can get a little volatile anytime traders get jumpy about risk in general. Traders will want to cover those short positions and they have to do that by buying the JPY. Stocks are similar. They are higher risk assets so when the risk environment looks scary, they drop and bond prices tend to rise. Its important to realize that a falling rising JPY does not cause stocks to fall or the other way around. They are correlated only.

One of the second important correlations relates to the fact that Japanese investors, including the BoJ are major liquidity providers in the global capital markets. If assets are losing value in the US, those investors may seek to exit their positions and covert their USD into JPY domestically. This happens around the globe but may add to the perceived correlation right now.

Fortunately, we can do something about this information...

For the rest of the article, please click this link: http://www.pfxglobal.com/index.php?o...215&Itemid=188
__________________
Analysis by Profiting With Forex (PFX)

Since you guyz might not noticing the latest News Topic that just been post on the main FF website... I just cut and paste this. Just to clarify something.
  • #1,538
  • Nov 9, 2007 12:03pm Nov 9, 2007 12:03pm
Testing the 20 wma strategy on Down Trend. Even though from my opinion... it seems like the BULL gonna retrace further up... I entered SELL from Bounce exactly when the CS touched that Yellow Line (20 wma)

Intended for scalping only with SL 20 pips and TP 25 pips.

Going to sleep now... nite nite everyone
Attached Image (click to enlarge)
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  • #1,539
  • Nov 9, 2007 12:04pm Nov 9, 2007 12:04pm
Hi I am also a Malaysian, I find it rather surprising and glad that there are a lot of Malaysians trading.... We all know that in trading only 5% actually make money in a period but only 1% manage to sustain making money for long long periods like George Soros. I would just like your helpful feedback, In a system there is entery, exit and position sizing(aka. the question of how much). Which one do you guys think is the most important? and why? And also how do you guys statistically measure the quality of your trading system? From what I have been reading.... there is really not a fix system here... hence no opportunity to backtest with a software to quantify the quality of it b4 trading! But for SHam to be able to survive doing this for a few years, I believe I am going to learn something new here. Please help me out in this.

For me, I have been trading for a bank, I decided I will do better trading on my own and here I am.
  • #1,540
  • Nov 10, 2007 12:40am Nov 10, 2007 12:40am
Quoting Malaysia
Testing the 20 wma strategy on Down Trend. Even though from my opinion... it seems like the BULL gonna retrace further up... I entered SELL from Bounce exactly when the CS touched that Yellow Line (20 wma)

Intended for scalping only with SL 20 pips and TP 25 pips.

Going to sleep now... nite nite everyone
Hi SHam,


The DJI Index that I've seen you using in your chart ..... does MT4 & VT Trader has it? How to go about it? If I remember correctly (I started reading from page 1 of this thread) you have not mentioned it before. Can you teach us?

Thanks.
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